A new adventure for me the little crypto fish as BTC price shoots to above 22,000$ ranges
Yesterday evening, I noticed that BTC’s price was in the 19800$ range, I never would have expected that BTC’s price would break the 20,000$ mark, let alone have it go beyond it to 22,700$ levels. It’s a new price story for BTC from now onwards marked by fresh all time highs, resistance levels and support levels. This is like an adventure for a small crypto fish like me...ha, ha...I like that term crypto fish, swimming in the cryptoverse ocean. Anyway.
The new price appreciation era of BTC kick started at the beginning of this month
BTC has been determined to break the 20,000$ mark since November 30- Dec 1 where it managed to break its previous All time high(ATH) levels of 19655$, touching 19,800$ levels. This itself has been an exciting event by itself, but yesterday Dec 16th, it was a spectacular phenomenon that BTC broke the 20,000$ resistance mark and flew up more, and is now as in the time of writing in the 22,500$ price range.
BTC’s crucial resistant point was broken with large inflows pouring into this king crypto on Dec 16
When seeing the 1 hr BTC chart, one can see that when BTC was facing resistance at 19,844$ suddenly large volume inflows gave the required momentum that pushed BTC to break out of this strong resistance level. OMG!!! (not talking about the crypto of Oh My God Network, I mean the real ‘Oh my god’ english exclamation!!)
A look at Bitcoin and Altcoin dominance
Bitcoin Dominance
BTC dominance has risen to 65.94% while the Alt coin dominance has been on a decline now at 34% .
Altcoin Dominance
However, he Alt coin dominance seems to have found support at 34%, after declining to 32% levels but bouncing back from there. If support is found at 34% dominance, then it looks like the Alt coin dominance bound to rise up again. By now, I learned that making note of the Bitcoin and altcoin dominance, will give one a signal of when an Alt season is imminent.
Price momentum of large cap coins - Ethereum and Litecoin
Ethereum (ETH) too witnessed large volume inflows on Dec 16 and its price rose breaking resistance point of 630$.
ETH's price action - Dec 16th 2020
Litecoin (LTC), the digital silver coin to Digital gold BTC, broke resistance of 84$ yesterday as volumes poured in and now is hit the century(:, ha mean it’s 100$.
LTC's price action - Dec 16th 2020
Crypto fish’s rambles, crypto jokes and commentary
So, whatever happens, I am so thrilled to be witnessing all these historically significant crypto moves that are shaking the world’s attention. Now, Fomo action from the novice population may come about with them increasing inflows into crypto coins.
Grabbing HODL of crypto powered rocket to ride the bull waves (bypassing Covid-19 waves)
Newly-weds who are thinking of going on a digital honeymoon, (normal compromises of life these days thanks to COvid-19), catch hold of a good crypto that would give you a ride to the moon. WHich is that gentleman/woman crypto?...Do your research, ha, or atleast grab tails of known large cap cryptos - BTC, LTC, ETH for now, so you atleast ride some of this crypto rocket wave!!
Crypto fuel looks powerful now to raise crypto spirits of the world’s population
With aviation fuel now rising, maybe airlines should consider getting crypto powered fuel, because for the money you pay, the rising power of cryptos would be explosive, maybe one can cover long distances faster with crypto powered fuel. Ha...ha.
Crypto prices look poised to rise as overall market capitalisation is reaching its previous All Times Highs of the historic bull wave peak of Dec 2017- Jan 2018
Plagiarism free content powered by the spirit of a crypto enthusiast (Me takes a bow)
Goodday folks, and remember this is original content that is unforked, ha...ha meaning this content is not a fork of any other original content(or crypto).
Cool na, this is a writeup powered by pure crypto enthusiasm of little crypto fish Greenchic who is not a crypto whale and won’t be for sure eaten by Greenchic’s pet cats Garu and Mochu because they are crypto cats and we are together a crypto loving family… I guess I am a little crypto cat-fish then(:...hmmm
